Strategy Buys Bitcoin for First Time Since June -- WSJ
Dow Jones2026/08/31 13:17By Vicky Ge Huang
Strategy, the bitcoin accumulation firm founded by Michael Saylor, said it bought about $370 million worth of the digital currency last week, its first purchase since June.
Strategy said it acquired 4,603 bitcoin at an average price of $80,318 using proceeds from the sale of company's common shares. The company now holds 845,050 bitcoin, worth roughly $66 billion.
Strategy had paused its bitcoin purchases and sold bitcoin in recent weeks. After a sharp decline in its common and preferred shares, the company unveiled a turnaround plan at the end of June that included buying back stock and selling bitcoin.
Shares of Strategy ticked higher in premarket trading.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
August 31, 2026 09:17 ET (13:17 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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